Exit and Growth Strategies for Middle Market Businesses

The report below gives a good overview of the second quarter M&A activity in the Aviation, Aerospace and Defense Industry Sector. M&A activity for North American based target companies in the Aerospace and Defense sector for Q1 2018 included 17 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions was announced in March when a private group led by Hanover Partners, Inc., Greyrock Capital Group LLC, Northstar Capital LLC, and the management of Blast Deflectors, Inc. acquired Blast Deflectors, Inc for. an undisclosed amount. Founded in 1957, Blast Deflectors is located and Reno, Nevada, and manufactures jet blast deflectors, ground run-up enclosures, and end-around taxiway screens. Following the transaction, Christopher Lynn, retiring CEO and Blast Deflectors Inc’s prior owner, will remain a board member.

Industry Update

US corporate profits, which affect airline traffic and demand for new commercial aircraft, rose 2.7% in the fourth quarter of 2017 compared to the same period in 2016.

US durable goods manufacturers’ shipments of military aircraft and parts, an indicator of demand for aerospace products and parts for military use, rose 3.1% year-to-date in March 2018 compared to the same period in 2017.

US durable goods manufacturers’ shipments of nondefense aircraft and parts, an indicator of demand for aerospace products and parts, rose 4.1% year-to-date in March 2018 compared to the same period in 2017.

The Middle Market Pulse, an executive brief, provides M&A market insight for c-level management, shareholders and their professional advisors. To receive this free monthly report by email, please complete the following form: